by our College Data Analytics TeamHere you will find what students actually borrow to attend Fosters Cosmetology College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Fosters Cosmetology College specifically, 83% of first-year students take on loan debt, for an average of $2,241 each, across private and federal loan sources.
On the federal side, the average loan is $2,241, amounting to 40.7% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Fosters Cosmetology College (freshmen included), 63% borrow through federal student loan programs, averaging $4,840 annually. It comes to 116.0% greater than the $2,241 freshmen take on.
At a steady annual pace, that totals around $9,680 over two years and about $19,360 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 63% |
| Average federal loan per year | $4,840 |
| Undergraduates with a federal loan | 19 |
| Total federal loans (one year) | $91,958 |
The median student at Fosters Cosmetology College borrows $6,044 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,044 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Fosters Cosmetology College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Fosters Cosmetology College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Fosters Cosmetology College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 0 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Did You Know?
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.